Andesa Services, a provider of policy administration and support services for life insurance and annuity carriers and distributors, has selected Silanis Technology’s e-SignLive electric signatures to its Integrated New Business Portal.
The addition of these e-signatures to the cloud-based e-application creates straight-through processing of new business for life insurance and annuity carriers and producers.
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It will also help distributors in real time processing of new business applications, keeping the new business process 100% electronic.
Enforced data validation and workflow rules ensure that all signatures and data are captured forcing in-good-order (IGO) applications, significantly reducing risk to the carrier.
Andesa Distribution Services executive vice president Vince Collier said that the company is changing the way life insurance is bought and sold.
"Distributors get a much faster way to close business and carriers gain the efficiencies of a correctly completed new business insurance application. Both benefit from offering a modern on-boarding experience for a new customer," Collier added.
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By GlobalData
